World News

As trillion-dollar fortune beckons Musk, how far behind are the rest

SpaceX's blockbuster IPO could make Elon Musk the world's first trillionaire. Here's a look at the wealthiest people globally and in India

Europe sold weapons used against India: Jaishankar defends ties with Russia

The External Affairs Minister further countered the criticism by drawing attention to Europe's historical and moral inconsistencies regarding global security dynamics

Ousted South Korean President Yoon gets 30 yrs jail term in drone case

The case stems from allegations that former South Korean President Yoon Suk Yeol ordered drone flights over Pyongyang in 2024 to escalate tensions and justify martial law

Is SpaceX worth $1.77 trillion? Some investors call it 'pie in the sky'

Elon Musk's rocket company is spending big and losing money, raising questions about whether it can justify its valuation for its blockbuster initial public offering

Adobe CFO Dan Durn departs while company also searches for new CEO

The search for the next CEO is 'progressing well,' and the goal is to have the new leader in place for planning the new fiscal year, which begins in December, Shantanu Narayen said

Thailand's Princess Bajrakitiyabha, known for her legal work, dies at 47

Thailand's Princess Bajrakitiyabha Mahidol was hospitalised in December 2022 after falling unconscious while training dogs for an army exhibition

Trump's Kharg Island threat, reversal show Iran war high-wire act

The island handles the vast majority of the country's oil exports and represents perhaps the most direct way to squeeze the Tehran regime economically and deprive it of a critical source of revenue

SpaceX IPO propels Elon Musk to world's first trillionaire status

SpaceX, the satellite and AI company that together with electric-car maker Tesla form the center of Musk's empire, raised a record $75 billion in its initial ‌public offering on Thursday

Wall Street posts best rally in 2 months after Trump halts strikes on Iran

US stocks surged, with the S&P 500 gaining 127 points, the Dow rising 930 points, and the Nasdaq jumping 640 points amid market optimism

US appeals court allows Trump's 10% global tariff to stay in force for now

At issue are 10% worldwide tariffs US President imposed after the Supreme Court in February struck down even broader double-digit tariffs Trump had imposed last year on almost every country on Earth

No final decision on deal with US: Iran calls reports 'mere speculation'

Iran's Foreign Ministry spokesperson Esmail Baghaei stressed that Iran had 'proven that it does not compromise on what it has defined as its red lines'

Will leave no stone unturned to hunt down those who harm US: FBI official

FBI Co-Deputy Director made these remarks during a virtual press briefing on the subject of industrial-scale scam compounds, nihilistic violent extremism and transnational narcotics trafficking

Trump nominates US Attorney Jay Clayton as national intelligence director

Trump faced intense pushback over his decision to name Bill Pulte, head of the Federal Housing Finance Agency, as acting director

Iran deal nearly final, Vance may sign pact in Europe this weekend: Trump

Trump said the agreement would ensure Iran never obtains a nuclear weapon, which he described as the central objective of the administration's pressure campaign against Tehran

Trump calls off new Iran strikes, cites progress in ceasefire talks

Trump has said multiple times in recent weeks that the warring parties have been on the cusp of a deal without anything coming to fruition

China wins $2.9 bn Kenya airport project, 50% more than dropped Adani bid

Kenya had initially engaged with Adani for a few months on the project

ECB hikes rates to 2.25% as Iran conflict stokes inflation concerns

European bonds held gains after the announcement, with the 10-year yield three basis points lower at 3.05 per cent . The euro was steady against the dollar at $1.1538

Indian-crewed tanker hit off Oman in suspected third US strike this week

Three Indian sailors died in a US strike on the Settebello tanker off Oman a day earlier

Trump says will take over Iran's Kharg Island, warns of heavier strikes

Trump said the US will attack Iran again with intensified strikes on Thursday night but he would rather not hit bridges and power plants

The war in Ukraine has now gone on longer than World War I

Parallels between the two wars abound, from the grinding nature of the fighting to the way new technologies reshaped warfare